Medication Management Market

Industry Overview

The Global Medication Management Market is expected to grow at a CAGR of 18.6% during the forecast period with its market size predicted to reach USD 9.2 billion by 2030. Medication management allows prescribing, administration and supply of medicines to be tracked and validated electronically. The global medication management market is growing at a significant rate, due to the mounting occurrence of chronic diseases and rapid growth in the geriatric population. Different systems and services contributed to the medication management market size. The market has witnessed a high demand for computerized physician order entry systems over the last few years due to the mounting demand for remote patient monitoring services.

Market Segmentation

Insight by Systems

On the basis of systems, the market is subdivided into clinical decision support systems, inventory management systems, computerized physician order entry systems, assurance systems, administration software, and automated dispensing systems. Of all systems, computerized physician order entry systems segment accounted for the largest share in the market, which is due to the increasing demand for remote patient monitoring services and mounting demand for the advanced healthcare system. In addition, the clinical decision support system is expected to grow at the fastest rate in the market, due to mounting chronic diseases and expanding the geriatric population.

Insight by Services

There are three services offered in the market including adverse drug effects (Ade) surveillance services, medication analytics services, and point-of-care verification services. Of all services, medication analytics services accounted for the largest share in the market due to the mounting demand for the advanced healthcare system. The demand for Ade surveillance services is also anticipated to increase at a significant rate during the forecast period.

Insight by Mode of Delivery

There are three modes of delivery in the medication management market, web-based solutions, cloud-based solutions, and on-premise solutions. Low maintenance and IT infrastructure requirements are some of the factors responsible for the growth of the web-based solution segment. Of all mode of delivery, the web-based solutions accounted for the largest share in the medication management market. In addition, cloud-based solutions are expected to grow at the fastest rate during the forecast period.

Insight by End-User

The different end users are pharmacies, hospitals, and other healthcare institutions. The mounting occurrence of chronic diseases is the factors growing the demand for medication management in hospitals. Among all end users, the hospitals accounted for the largest share in the medication management market.

Global Medication Management Market Report Coverage

Industry Dynamics

Growth Drivers

The rapid increase in the aging population, demand for reduced healthcare cost, technological advancement, and mounting demand for remote patient monitoring services are the primary growth drivers for medication management market. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.

In addition, mounting occurrence of chronic diseases is also driving the growth of the market. For instance, according to WHO globally approximately 17.7 million people died from cardiovascular diseases in 2015. In addition, according to WHO, globally the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Moreover, according to the International Diabetes Federation (IDF) in 2017, approximately 425 million adults were suffering from diabetes and are expected to reach 629 million by 2045, globally.

Mounting emphasis on value-based medicine, mounting demand for the advanced healthcare system, and escalating assistance from government organizations are also facilitating the growth for the medication management market.

Challenges

Unwillingness to accept medication management systems, privacy and safety issues and the high price of implementation and maintenance are the major challenges for the growth of medication management market.

Industry Ecosystem

Globally, manufacturing companies trying to enter the medication management market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest medication management market as in the region the prevalence of the chronic disease is increasing. For instance, according to the Centers of Disease Control and Prevention (CDC), in the U.S. approximately 610,000 people die every year due to heart disease. Growing geriatric population, technological innovation and boosting government funding are also up surging growth of the North American medication management market. 

Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base. In addition, expanding the geriatric population, the mounting occurrence of chronic diseases and refined healthcare infrastructure are also creating a positive impact on the medication management market growth in the region.

Competitive Insight

Key players in the medication management market are catering to the demand of these devices by investing on technologically advanced products in their product portfolio across the globe.

Cerner has an unified medication management system which allows health care organizations to deliver safer, more efficient patient care across multiple venues. The ® medication dispensing devices and solutions enhance the safety and efficiency of the entire closed-loop medication process through seamless integration with Cerner Millennium. Traditional automated medication dispensing machines leave a critical information gap and require multiple interfaces between the dispensing system, pharmacy and nursing information systems. 

Allscripts Healthcare Solutions, Inc. is a global leader in healthcare IT. The Company's solutions, partnerships and services enable organizations worldwide to build open, connect communities of health.

Allscripts Healthcare Solutions, Inc., Cerner Corporation, CareFusion Corporation, Siemens Healthcare, GE Healthcare, Optum Inc., McKesson Corporation, Epiq System Corporation, Qualcomm Incorporated, Quadramed Corporation, Omnicell, Inc., and Meditech are the key players offering medication management.

Recent Developments by Key Players

Siemens Healthcare has introduced a new production line at the Bengaluru facility to manufacture Magnetic Resonance Imaging (MRI) machines that shall focus on manufacturing MAGNETOM Free.Star which is a disruptively simple and helium-free approach to high-quality MRI.

GE HealthCare collaborated with Biofourmis to extend the reach of patient monitoring tech from hospitals into patients’ homes. The collaboration leverages the combined expertise of the two companies to scale and deliver innovative care-at-home solutions.

The Medication Management Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By System
  • Clinical Decision Support Systems
  • Inventory Management Systems
  • Computerized Physician Order Entry Systems
  • Assurance Systems
  • Administration Software
  • Automated Dispensing Systems
• By Service Method 
  • Adverse Drug Effects Surveillance
  • Medication Analytics
  • Point-of-Care Verification
• By Mode of Delivery 
  • Web-Based
  • Cloud-Based
  • On-Premise
• By End User
  • Pharmacies
  • Hospitals
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By System
                1.2.2.    By Service Method 
                1.2.3.    By Mode of Delivery
                1.2.4.    By End User                 
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By System
                5.1.1.    Clinical Decision Support Systems
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Inventory Management Systems
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Computerized Physician Order Entry Systems
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    Assurance Systems
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
                5.1.5.    Administration Software
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030
                5.1.6.    Automated Dispensing Systems
                        5.1.6.1. Market Definition
                        5.1.6.2. Market Estimation and Forecast to 2030       
        5.2.    By Service Method
                5.2.1.    Adverse Drug Effects Surveillance
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Medication Analytics
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Point-of-Care Verification
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030        
        5.3.    By Mode of Delivery  
                5.3.1.    Web-Based
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Cloud-Based
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
                5.3.3.    On-Premise
                        5.3.3.1. Market Definition
                        5.3.3.2. Market Estimation and Forecast to 2030        
        5.4.    By End User
                5.4.1.    Pharmacies
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Hospitals
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Others
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030        
        
6.    North America Market Estimate and Forecast

        6.1.    By System
        6.2.    By Service 
        6.3.    By Mode of Delivery
        6.4.    By End User        
        6.5.    By Country
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By System
        7.2.    By Service 
        7.3.    By Mode of Delivery
        7.4.    By End User        
        7.5.    By Country
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By System
        8.2.    By Service 
        8.3.    By Mode of Delivery
        8.4.    By End User        
        8.5.    By Country
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By System
        9.2.    By Service 
        9.3.    By Mode of Delivery
        9.4.    By End User        
        9.5.     By Country
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Allscripts Healthcare Solutions, Inc.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Cerner Corporation
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Carefusion Corporation
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Siemens Healthcare
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    GE Healthcare
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Optum Inc.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Epiq System Corporation
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Qualcomm Incorporated
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Quadramed Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.   Qualcomm Incorporated
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.   Quadramed Corporation
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Table

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Medication Management Market Size, by Systems, 2018–2023 (USD Billion)
Table 5 Global Medication Management Market Size, by Systems, 2025–2030 (USD Billion)
Table 6 Global Medication Management Market Size, by Service, 2018–2023 (USD Billion)
Table 7 Global Medication Management Market Size, by Service, 2025–2030 (USD Billion)
Table 8 Global Medication Management Market Size, by Mode of Delivery, 2018–2023 (USD Billion)
Table 9 Global Medication Management Market Size, by Mode of Delivery, 2025–2030 (USD Billion)
Table 10 Global Medication Management Market Size, by End-User, 2018–2023 (USD Billion)
Table 11 Global Medication Management Market Size, by End-User, 2025–2030 (USD Billion)
Table 12 Global Medication Management Market Size, by Region, 2018–2023 (USD Billion)
Table 13 Global Medication Management Market Size, by Region, 2025–2030 (USD Billion)
Table 14 North America Medication Management Market Size, by Systems, 2018–2023 (USD Billion)
Table 15 North America Medication Management Market Size, by Systems, 2025–2030 (USD Billion)
Table 16 North America Medication Management Market Size, by Service, 2018–2023 (USD Billion)
Table 17 North America Medication Management Market Size, by Service, 2025–2030 (USD Billion)
Table 18 North America Medication Management Market Size, by Mode of Delivery, 2018–2023 (USD Billion)
Table 19 North America Medication Management Market Size, by Mode of Delivery, 2025–2030 (USD Billion)
Table 20 North America Medication Management Market Size, by End-User, 2018–2023 (USD Billion)
Table 21 North America Medication Management Market Size, by End-User, 2025–2030 (USD Billion)
Table 22 North America Medication Management Market Size, by Country, 2018–2023 (USD Billion)
Table 23 North America Medication Management Market Size, by Country, 2025–2030 (USD Billion)
Table 24 Europe Medication Management Market Size, by Systems, 2018–2023 (USD Billion)
Table 25 Europe Medication Management Market Size, by Systems, 2025–2030 (USD Billion)
Table 26 Europe Medication Management Market Size, by Service, 2018–2023 (USD Billion)
Table 27 Europe Medication Management Market Size, by Service, 2025–2030 (USD Billion)
Table 28 Europe Medication Management Market Size, by Mode of Delivery, 2018–2023 (USD Billion)
Table 29 Europe Medication Management Market Size, by Mode of Delivery, 2025–2030 (USD Billion)
Table 30 Europe Medication Management Market Size, by End-User, 2018–2023 (USD Billion)
Table 31 Europe Medication Management Market Size, by End-User, 2025–2030 (USD Billion)
Table 32 Europe Medication Management Market Size, by Country, 2018–2023 (USD Billion)
Table 33 Europe Medication Management Market Size, by Country, 2025–2030 (USD Billion)
Table 34 Asia-Pacific Medication Management Market Size, by Systems, 2018–2023 (USD Billion)
Table 35 Asia-Pacific Medication Management Market Size, by Systems, 2025–2030 (USD Billion)
Table 36 Asia-Pacific Medication Management Market Size, by Service, 2018–2023 (USD Billion)
Table 37 Asia-Pacific Medication Management Market Size, by Service, 2025–2030 (USD Billion)
Table 38 Asia-Pacific Medication Management Market Size, by Mode of Delivery, 2018–2023 (USD Billion)
Table 39 Asia-Pacific Medication Management Market Size, by Mode of Delivery, 2025–2030 (USD Billion)
Table 40 Asia-Pacific Medication Management Market Size, by End-User, 2018–2023 (USD Billion)
Table 41 Asia-Pacific Medication Management Market Size, by End-User, 2025–2030 (USD Billion)
Table 42 Asia-Pacific Medication Management Market Size, by Country, 2018–2023 (USD Billion)
Table 43 Asia-Pacific Medication Management Market Size, by Country, 2025–2030 (USD Billion)
Table 44 RoW Medication Management Market Size, by Systems, 2018–2023 (USD Billion)
Table 45 RoW Medication Management Market Size, by Systems, 2025–2030 (USD Billion)
Table 46 RoW Medication Management Market Size, by Service, 2018–2023 (USD Billion)
Table 47 RoW Medication Management Market Size, by Service, 2025–2030 (USD Billion)
Table 48 RoW Medication Management Market Size, by Mode of Delivery, 2018–2023 (USD Billion)
Table 49 RoW Medication Management Market Size, by Mode of Delivery, 2025–2030 (USD Billion)
Table 50 RoW Medication Management Market Size, by End-User, 2018–2023 (USD Billion)
Table 51 RoW Medication Management Market Size, by End-User, 2025–2030 (USD Billion)
Table 52 RoW Medication Management Market Size, by Country, 2018–2023 (USD Billion)
Table 53 RoW Medication Management Market Size, by Country, 2025–2030 (USD Billion)
Table 54 Snapshot – Allscripts Healthcare Solutions, Inc.
Table 55 Snapshot – Cerner Corporation
Table 56 Snapshot – Carefusion Corporation
Table 57 Snapshot – Siemens Healthcare
Table 58 Snapshot – GE Healthcare
Table 59 Snapshot – Optum Inc.
Table 60 Snapshot – McKesson Corporation
Table 61 Snapshot – Epiq System Corporation
Table 62 Snapshot – Qualcomm Incorporated
Table 63 Snapshot – Quadramed Corporation
Table 64 Snapshot – Omnicell, Inc.
Table 65 Snapshot – MediTech

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Executive Summary
Figure 9 Global Medication Management Market - Growth Drivers and Restraints
Figure 10 Porte’s Five Forces Analysis
Figure 11 Value Chain Analysis
Figure 12 Company Share Analysis
Figure 13 Global Medication Management Market Highlight
Figure 14 Global Medication Management Market Size, by Systems, 2018 - 2030 (USD Billion)
Figure 15 Global Medication Management Market Size, by Service, 2018 - 2030 (USD Billion)
Figure 16 Global Medication Management Market Size, by Mode of Delivery, 2018 - 2030 (USD Billion)
Figure 17 Global Medication Management Market Size, by End-User, 2018 - 2030 (USD Billion)
Figure 18 Global Medication Management Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 19 North America Medication Management Market Highlight
Figure 20 North America Medication Management Market Size, by Systems, 2018 - 2030 (USD Billion)
Figure 21 North America Medication Management Market Size, by Service, 2018 - 2030 (USD Billion)
Figure 22 North America Medication Management Market Size, by Mode of Delivery, 2018 - 2030 (USD Billion)
Figure 23 North America Medication Management Market Size, by End-User, 2018 - 2030 (USD Billion)
Figure 24 North America Medication Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 25 Europe Medication Management Market Highlight
Figure 26 Europe Medication Management Market Size, by Systems, 2018 - 2030 (USD Billion)
Figure 27 Europe Medication Management Market Size, by Service, 2018 - 2030 (USD Billion)
Figure 28 Europe Medication Management Market Size, by Mode of Delivery, 2018 - 2030 (USD Billion)
Figure 29 Europe Medication Management Market Size, by End-User, 2018 - 2030 (USD Billion)
Figure 30 Europe Medication Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific Medication Management Market Highlight
Figure 32 Asia-Pacific Medication Management Market Size, by Systems, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific Medication Management Market Size, by Service, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Medication Management Market Size, by Mode of Delivery, 2018 - 2030 (USD Billion)
Figure 35 Asia-Pacific Medication Management Market Size, by End-User, 2018 - 2030 (USD Billion)
Figure 36 Asia-Pacific Medication Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 37 RoW Medication Management Market Highlight
Figure 38 RoW Medication Management Market Size, by Systems, 2018 - 2030 (USD Billion)
Figure 39 RoW Medication Management Market Size, by Service, 2018 - 2030 (USD Billion)
Figure 40 RoW Medication Management Market Size, by Mode of Delivery, 2018 - 2030 (USD Billion)
Figure 41 RoW Medication Management Market Size, by End-User, 2018 - 2030 (USD Billion)
Figure 42 RoW Medication Management Market Size, by Country, 2018 - 2030 (USD Billion)